Economic Opportunity in the Ghetto: The Partnership of Government and Business

Economic Opportunity in the Ghetto: The Partnership of Government and Business

Economic Opportunity in the Ghetto: The Partnership of Government and Business

Economic Opportunity in the Ghetto: The Partnership of Government and Business

Excerpt

Our large central cities continue to provide economic opportunities for the bulk of their residents and for the majority of the rural immigrants attracted by the prospects of economic betterment. But for a large and perhaps growing number, central city ghettos have become a dead end of despair and frustration. Lacking adequate education and training, or excluded by discrimination, they are prevented from pursuing careers and are frequently barred from many jobs. Or if employment is available, it is tedious, low-paying, and unattractive. Entrepreneurial opportunities are even more limited since most ghetto residents lack know-how and financial support. For many, then, the central city economy, especially in the ghetto, does not provide adequate opportunities for self-support and self-improvement.

The government has mounted a variety of programs to expand economic opportunity for ghetto residents. Through exhortation, coercion, and incentives, it has drawn the business sector into these undertakings. Programs have been launched to open existing central city jobs to ghetto residents, to create new private sector jobs in or near the ghetto, and to promote local ownership of ghetto businesses.

This study is an analysis of these joint government-business . . .

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